Company Update: eBay Inc (NASDAQ:EBAY) – eBay & Shyp Expand Integration to Make Selling Even Easier

[Business Wire] – Today, eBay and Shyp announced an extension of their shipping integration into the Los Angeles market to further help sellers from coast to coast get organized just in time for Spring Cleaning. Read more on this. eBay Inc. (EBAY) , with a current market cap of $27.98B, opened at $24.10. During the trading session, EBAY traded between $23.73 to $24.13 and has traded between $21.52 and $29.83 over the past year. EBAY shares are currently priced at 13.05x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.79x earnings multiple for the same period. According to a consensus of 35 analysts, the earnings estimate of $0.45 per share would be $0.03 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.86 is a $0.03 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.08 Billion. If reported, that would be a 53.26% decrease over the year-ago quarter. In terms of ratings, Susquehanna Initiated EBAY at Positive (Jan 15, 2016). Previously, Cantor Fitzgerald downgraded EBAY from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $28.03, which is 16.31% above where the stock opened this morning. See more in (NASDAQ:EBAY) Similar Articles: Market Update (NASDAQ:EBAY): eBay Inc. Prices $1.5 Billion Senior Unsecured Notes Offering Company Update (NASDAQ:EBAY): eBay Teams Up With O, The Oprah Magazine to Launch Exclusive Charity Auction Benefiting The Oprah Winfrey Leadership Academy Stock Update: eBay Inc (NASDAQ:EBAY) – Deal talk during 2011 Super Bowl led to insider trading, SEC says